![Aave price has gone up](https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2020/08/Screenshot-2020-08-26-at-12.44.42.png@webp)
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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$67,906.00
2.91%$3,272.15
2.67%$580.61
1.49%$182.63
5.82%$1.00
-0.03%$0.601446
-0.08%$3,272.17
2.76%$0.133793
5.79%$6.72
1.33%$0.416893
5.25%$0.137425
1.16%$28.70
5.16%$67,831.00
2.93%$0.00001699
2.80%$13.54
4.37%$5.86
1.68%$377.49
3.96%$5.73
5.38%$7.68
5.07%$5.83
-0.79%$71.43
3.30%$0.00001202
4.26%$3,413.39
2.80%$0.51431
3.19%$9.69
-2.52%$0.181834
2.73%$22.93
3.39%$6.98
5.04%$0.999073
-0.08%$1.28
6.37%$0.102996
0.63%$162.03
-0.88%$0.851442
2.24%$1.85
2.39%$4.65
10.48%$2.63
3.66%$6.74
9.49%$25.71
7.00%$351.44
6.82%$2,646.36
-0.11%$41.05
2.49%$0.091517
2.27%$0.068431
3.37%$0.725829
3.64%$6.16
3.91%$1.54
5.78%$0.0285397
3.59%$31.01
2.81%$0.998885
-0.19%$0.0000286
4.68%$0.786098
4.61%$1.73
1.66%$0.200883
5.62%$3,661.94
2.78%$3,321.36
2.91%$0.00018026
2.13%$3,401.72
3.09%$1.14
3.07%$4.67
4.20%$1.51
7.23%$0.01433572
4.68%$10.10
-0.56%$97.46
4.67%$1.071
10.82%$1.002
4.75%$0.39471
4.69%$1.57
2.83%$0.02891821
3.53%$0.132422
9.51%$0.461197
5.66%$1.37
3.20%$5.99
4.52%$0.37174
3.63%$0.142512
3.80%$3,273.29
3.16%$73.17
1.12%$0.675672
5.09%$1.20
-0.44%$7.59
1.17%$220.27
6.21%$9.70
2.35%$0.938389
13.25%$0.018301
6.67%$33.53
2.67%$6.09
6.63%$5.30
-0.06%$26.95
1.77%$44.87
4.88%$0.02374215
5.19%$0.578125
3.37%$0.01927794
1.96%$0.00000087
4.34%$10.42
2.83%$3,333.76
2.91%$11.70
4.95%$39.12
9.78%$0.463571
8.14%$1.31
5.71%$3.26
4.42%$0.778687
4.44%$0.328862
6.90%$0.176508
19.88%$2.33
-0.39%$1.00
-0.18%$2.07
3.70%$0.538845
4.89%$2.35
10.58%$0.00003526
5.42%$0.00000033
5.76%$0.00775747
1.33%$1.21
2.64%$3,528.09
2.92%$0.996375
-0.25%$0.342677
6.69%$2.41
9.34%$0.070269
4.84%$3,272.81
3.26%$0.00000169
-1.25%$3.91
5.29%$1.001
0.03%$0.00863209
7.41%$0.088433
3.90%$0.522679
5.17%$0.161427
3.07%$2,386.44
0.87%$0.52844
10.07%$1.74
4.70%$214.69
-1.97%$0.01245319
3.21%$0.165147
3.88%$9.53
2.38%$3,480.30
2.83%$0.143944
3.36%$0.790054
5.45%$0.075169
4.09%$0.291202
3.79%$4.77
4.12%$0.933875
14.53%$15.09
4.89%$3,571.65
2.74%$0.67934
3.84%$1.00
-0.09%$1.16
0.63%$32.45
7.09%$0.03125989
0.77%$0.00008558
4.81%$0.37083
2.40%$1.98
2.52%$0.068913
3.74%$0.420136
6.86%$67.82
-3.17%$0.523516
12.47%$25.62
2.99%$2,385.56
0.52%$0.00000043
0.84%$0.00420365
4.76%$0.04482749
1.32%$1.022
2.84%$1.023
0.02%$0.081606
6.07%$0.997205
0.28%$0.00591626
4.71%$3.25
22.57%$0.481987
2.96%$0.053877
-0.56%$3.98
1.58%$3.26
-10.10%$0.198431
4.43%$3,387.54
2.84%$2.20
6.82%$0.973587
7.16%$0.778812
-2.04%$0.779927
10.98%$1.46
6.33%$51.35
2.75%$65.78
3.25%$0.01549154
4.10%$0.152424
6.69%$0.34443
5.99%$0.552449
5.22%$0.188773
19.22%$16.35
3.44%$0.39077
11.09%$0.188627
4.88%$21.58
4.37%$1.72
7.19%$0.487504
3.12%$8.21
0.86%$0.600475
7.69%$0.191519
-3.54%$0.01722401
4.88%$0.04810132
-1.72%$26.97
4.50%$0.13842
5.69%$7.43
3.05%$0.00091778
-3.12%$0.266714
5.22%$0.189311
4.76%$6.78
16.55%$0.00532057
4.49%$0.03089045
5.66%$0.567275
5.34%$0.0017084
3.48%$2.57
7.05%$0.743074
10.37%$1,363.23
3.22%$0.02863711
5.36%$1.30
5.61%$0.0296789
2.40%$0.271943
5.62%$3,436.49
2.86%$0.192997
5.03%$1.99
0.77%$0.396855
3.67%$67,871.00
3.17%$0.41651
5.79%$29.50
2.65%$2.99
11.84%$0.01547072
1.45%$49.04
8.45%$0.073884
3.32%$2.56
4.42%$2.59
4.77%$0.01908274
2.69%$0.00526903
5.08%$71.73
7.61%$0.02121651
2.46%$0.307141
7.13%$0.04865348
6.30%$3.80
3.09%$0.998226
-0.45%$0.697659
3.55%$3,415.77
2.62%$2.11
16.87%$0.00431852
3.63%$0.280067
0.93%$0.485691
2.64%$33.23
5.14%$2.38
4.22%$0.02938548
4.53%$2.82
-1.18%$2.75
9.00%$0.555155
6.33%$0.02328916
5.57%$0.00070531
-0.17%$1.56
17.80%$1.045
-0.52%$20.08
2.39%Popular DeFi lending Aave (LEND) is booming once again today, after racking up a further 16.2% growth in the last 24 hours to reach its current value of $0.841.
Aave has been on an almost unrelenting uptrend for almost a year now, and has seen its price climb from $0.0043 a year ago, up to its all-time highest value of $0.862 earlier today. In total, this represents a gain of almost 20,000% in the last year—making LEND one of the best performing cryptocurrencies of all time.
LEND has also put on a strong performance in the short term, having gained 44.6% in the last week, 109.8% in the last fortnight, and 211.3% in the last 30 days. This growth positions Aave as the 21st largest cryptocurrency by market capitalization, with a market cap just north of $1.06 billion.
This growth appears to be a direct consequence of Aave's rapidly growing popularity as a DeFi lending platform—since the total value of cryptocurrencies locked up in the platform has multiplied more than ten-fold in the last two months. As per stats from DeFi Pulse, Aave is now the most successful DeFi platform with around $1.52 billion in cryptocurrencies locked in the protocol.
Aave isn't the only DeFi cryptocurrency to have shot through the roof this morning. Other smaller DeFi platforms including Serum (SRM) and YFII-Finance (YFII) have also gained more than 10% today. Reserve Rights Token (RSR) is up 7% since yesterday after being listed on Binance, whereas micro-cap DeFi asset OpenPredict (OPT) is up 38.6% in the last day.
Overall, there is now more than $7 billion in cryptocurrencies locked up in DeFi—a gain of more than 600% in the last 3 months. Another sign of a growing bubble.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.